📈📉⛏️⚒️BITCOIN MINER SENTIMENTS Vs TRADERS $BTC ⚒️⛏️📈📉⛏️
The Bitcoin market shows a clear division after surpassing $95,000. Miners are bullish, while derivatives traders remain cautious.
* Bullish Miners: The BTC reserves of miners have increased since April 29, after reaching an annual low. This, along with a positive net flow, suggests that they are accumulating and confident in further price appreciation.
* Cautious Traders: The derivatives market presents a persistent bearish sentiment, with negative funding rates. This indicates that a significant portion of traders is betting on a short-term price correction.
* Possible Scenarios: If the accumulation by miners continues, BTC could surpass resistance at $98,515 and aim for $102,080. However, if the bearish pressure from derivatives prevails, the price could fall below $95,000 towards $92,910.
